Foreign exchange
RBC on top with August stagnation forecast
The Canadian bank tops the one-month currency forecast rankings and warns of uncertain forecasting conditions over the next three months
Likelihood of Grexit diminishes ahead of troika review
As European authorities head to Greece to inspect the country's finances, strategists believe it is increasingly unlikely authorities will allow the country to leave the euro
Stressed VAR will hit FX options, dealers warn
Certain forex options and exotics penalised by Basel 2.5, including emerging market currencies and double no-touches
Optim Invest launches as BNP Paribas IP exits currency management
D'Hautefort revives Overlay Asset Management as Optim Invest, says demand for currency management buoyant
RMB is gaining traction with corporates, Deutsche survey finds
Smaller companies can realise savings of nearly 5% when dealing with Chinese businesses by transacting in renminbi, says Deutsche Bank
Trading places, August 27, 2012
New appointments at Nomura, Rule Financial and DTCC, while HSBC loses a salesman
CIBC bets on gradual upward curve for US dollar
A set of forecasts based on the view that the US dollar would remain stagnant before rising later this year lands CIBC at the top of the three-month rankings
ABN Amro hires Duff to build FX clearing business
Dutch bank hires industry veteran to launch clearing business in North America
LCH readies launch of new NDF pairs and client clearing
Five months after launch, ForexClear is ready to start offering client clearing and to add five new currencies to the service, pending the approval of the FSA and the CFTC
Shining a light on high-frequency trading
Forex trading platforms are intent on tackling any negative effects of high-frequency trading, but the speed of the practice makes it tough to manage the risks. Robert Mackenzie Smith reports
Euro set to fall further after period of stability, says UBS
An accurate forecast that eurodollar would remain steady at 1.24 lands UBS at the top of the one-month rankings, although the bank is more bearish on the currency in the longer term
Sef connectivity hurdle looms for bank platforms
Many single-bank platforms have elected to connect to swap execution facilities, where they can route regulated products rather than losing that business altogether. But the new model requires connectivity to multiple platforms, which could be costly and…
Deutsche merges structuring teams across asset classes
As part of a broader structural reorganisation, Deutsche Bank is bringing its structuring teams together into a single business headed by Ram Nayak
Morgan Stanley adds Ortus and Quaesta to FX Gateway
US bank continues expansion of currency manager platform
Spotlight on: Nick Beecroft, Saxo Bank
Saxo’s newly appointed UK chairman and FX industry veteran Nick Beecroft talks to Robert Mackenzie Smith about his priorities in seeking to grow the Danish bank’s presence in the UK, as well as the challenges facing the FX market
Deutsche’s FX volumes continue to grow, despite tough Q2
Deutsche Bank’s profits fell from €1.4 billion to €661 million during the second quarter, but the bank’s FX revenue recorded only a small year-on-year decline
Swift to roll out structured messages for bilateral trade netting
Industry messaging provider aims to streamline netting of non-CLS currencies
FX spot volumes in decline, survey results reveal
Average trading volumes in the spot market fell across all major FX centres in April, according to turnover survey results
Ice Futures US hires CME FX veteran
US exchange boosts Chicago presence with appointment of Scott Brusso from CME Group
Cautiously optimistic on EM currencies
While FX markets remain constrained by weaker-than-expected growth, a savvy combination of emerging market currencies offers the potential for strong returns, argues Callum Henderson
Spotlight on: Rick Martin, Virgin Media
Corporate treasurers have become increasingly vocal in lobbying for exemption from certain elements of over-the-counter derivatives reform. Kathy Alys speaks to Rick Martin, director of investor relations and treasury at Virgin Media, about how his job…
Carry makes a muted comeback as investors hunt for yield
The carry trade showed some signs of resurgence during the second quarter but currency managers remain lukewarm about the strategy in an uncertain economic environment
ADB economist moots idea of common currency in Asia
Principal economist at Asian Development Bank says common currency possible in ‘long run’; panellists outline possibilities for greater Asian economic integration
Institutions using renminbi payments up 60% year-on-year
Renminbi adoption continues to gather pace